Chipotle Mexican Grill, Inc. (CMG) quarterly cash flow statement — complete operating, investing & financing history
Chipotle Mexican Grill, Inc. (CMG) cash flow statement — 22-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 680.65M | 651.35M | 425.84M | 569.68M | 561.33M | 557.08M | 526.77M | 446.49M | 562.58M | 569.23M | 265.46M | 480.47M | 582.51M | 455.04M | 401.57M | 351.92M | 286.79M | 282.9M | 438.42M | 280.8M |
| Operating CF Margin % | 20.33% | 21.09% | 14.27% | 18.97% | 18.32% | 19.37% | 18.51% | 15.98% | 18.92% | 21.07% | 10.55% | 19.44% | 23.16% | 19.21% | 18.42% | 15.85% | 12.96% | 14% | 22.36% | 14.38% |
| Operating CF Growth % | 21.26% | 16.92% | -19.16% | 27.59% | -0.22% | -2.14% | 98.44% | -7.07% | -3.42% | 25.1% | -33.9% | 36.53% | 103.12% | 60.85% | -8.4% | 25.33% | 11.64% | -7.54% | 280.82% | 15.18% |
| Net Income | 403.55M | 302.82M | 330.93M | 382.1M | 436.13M | 386.6M | 331.76M | 387.39M | 455.67M | 359.29M | 282.09M | 313.22M | 341.79M | 291.64M | 223.73M | 257.14M | 259.94M | 158.29M | 133.47M | 204.43M |
| Depreciation & Amortization | 98.33M | 96.72M | 92.7M | 90.52M | 90.94M | 87.21M | 83.88M | 84.35M | 83.56M | 83.24M | 85.49M | 78.55M | 78.77M | 76.58M | 74.01M | 71.42M | 69.73M | 71.67M | 66.26M | -42.29M |
| Stock-Based Compensation | 0 | 28M | 25.58M | 18.82M | 37.55M | 37.6M | 45.83M | 4.66M | 45.24M | 36M | 37.46M | 35.8M | 30.67M | 20.08M | 20.66M | 25.15M | 28.63M | 23.59M | 37.65M | 36.06M |
| Deferred Taxes | 19.92M | 17.89M | -14.8M | 104.17M | -2.56M | -7.33M | -33.34M | -3.77M | -936K | -4.89M | -21.97M | 4.64M | 8.31M | -486K | -34.63M | 6.97M | -1.51M | -14.02M | -11.33M | 14.86M |
| Other Non-Cash Items | 40.29M | 9.78M | -12.96M | 6.79M | 11.79M | 5.64M | -4.98M | 12.04M | 9.64M | 4.63M | 11.69M | -1.42M | 9.41M | 5.84M | 2.66M | 5.05M | -6.28M | 2.35M | -2.77M | 5.27M |
| Working Capital Changes | 118.57M | 196.14M | 4.39M | -32.72M | -12.53M | 47.35M | 103.63M | -38.17M | -30.6M | 90.96M | -129.29M | 49.69M | 113.56M | 61.37M | 115.14M | -13.8M | -63.72M | 41.03M | 215.13M | 62.47M |
| Change in Receivables | -5.2M | 59.84M | -61.37M | 10.04M | -3.29M | 43.24M | -51.34M | 3.74M | -7.82M | 26.15M | -44.88M | -10.36M | 4.37M | 39.66M | -36.92M | 10.54M | 1.96M | 10.39M | -23.57M | -15.4M |
| Change in Inventory | -1.97M | 4.75M | -3.12M | -6.08M | 958K | 7.54M | 743K | -14.3M | 2.43M | 1.33M | 859K | -4.2M | -1.4M | 1.09M | -1.96M | -4.38M | 350K | 2.97M | -4.4M | -3.31M |
| Change in Payables | 14.45M | 22.68M | -36.75M | 16.94M | -848K | 13.21M | -13.82M | 14.49M | -4.79M | 12.59M | 427K | 15.67M | -8.05M | -2.73M | 7.43M | 13.75M | -18.67M | 15.7M | -7.27M | 16.19M |
| Cash from Investing | -45.28M | -8.07M | -27.75M | -15.4M | 1.99M | 6.08M | -136.03M | -64.24M | -336.21M | -301.04M | -152.01M | -166.3M | -392.14M | -235.55M | -183.7M | -397.14M | -116.13M | -133.07M | -158.9M | -125.03M |
| Capital Expenditures | -217.27M | -180.33M | -197.46M | -163.49M | -160.59M | -144.81M | -172.88M | -147.53M | -140.49M | -132.7M | -171.93M | -131.2M | -137.23M | -120.37M | -143.65M | -139.02M | -100.33M | -96.16M | -121.91M | -108.45M |
| CapEx % of Revenue | 6.49% | 5.84% | 6.62% | 5.44% | 5.24% | 5.04% | 6.08% | 5.28% | 4.73% | 4.91% | 6.83% | 5.31% | 5.46% | 5.08% | 6.59% | 6.26% | 4.53% | 4.76% | 6.22% | 5.55% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 20.11M | 0 | 0 | 0 | -19.91M | 35.1M | 254.91M | 0 | 40.05M | 0 | 15.8M | 0 | 1.15M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.91M | -35.1M | -254.91M | 0 | -40.05M | 0 | -15.8M | 0 | 0 | 0 |
| Cash from Financing | -654.01M | -747.49M | -741.6M | -700.47M | -443.66M | -585.17M | -338.74M | -489.56M | -145.33M | -100.07M | -155.28M | -216.26M | -95.23M | -193.88M | -206.67M | -108.33M | -264.93M | -349.48M | -182.04M | -102.35M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -653.88M | -701.03M | -742.7M | -686.66M | -443.26M | -553.8M | -338.95M | -490.24M | -145.36M | -27M | -155.04M | -215.55M | -95.05M | -126.71M | -200.37M | -107.86M | -258.6M | -263.31M | -165.73M | -97.58M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -653.88M | -701.03M | -742.7M | -686.66M | -443.26M | -553.8M | -338.95M | -490.24M | -145.36M | -27M | -155.04M | -215.55M | -95.05M | -126.71M | -200.37M | -107.86M | -258.6M | -263.31M | -165.73M | -97.58M |
| Other Financing | -136K | -46.46M | 1.1M | -13.8M | -401K | -31.38M | 219K | 681K | 29K | -73.07M | -236K | -708K | -185K | -67.17M | -6.3M | -467K | -6.32M | -86.17M | -16.31M | -4.77M |
| Net Change in Cash | -18.55M | -103.61M | -348.2M | -145.59M | 119.11M | -22.26M | 51.86M | -107.68M | 80.66M | 167.37M | -41.46M | 97.65M | 95.11M | 25.89M | 11.37M | -154.23M | -94.91M | -199.5M | 97.23M | 52.85M |
| Free Cash Flow | 463.38M | 471.02M | 228.39M | 406.19M | 400.74M | 412.26M | 353.88M | 298.97M | 422.09M | 436.53M | 93.53M | 349.27M | 445.28M | 334.67M | 257.93M | 212.9M | 186.45M | 186.74M | 316.51M | 172.36M |
| FCF Margin % | 13.84% | 15.25% | 7.66% | 13.52% | 13.08% | 14.34% | 12.44% | 10.7% | 14.2% | 16.16% | 3.72% | 14.13% | 17.71% | 14.13% | 11.83% | 9.59% | 8.42% | 9.24% | 16.14% | 8.83% |
| FCF Growth % | 15.63% | 14.25% | -35.46% | 35.86% | -5.06% | -5.56% | 278.37% | -14.4% | -5.21% | 30.44% | -63.74% | 64.06% | 138.82% | 79.22% | -18.51% | 23.52% | 41.92% | -14.87% | 2859.49% | 6.07% |
| FCF per Share | 0.36 | 0.36 | 0.17 | 0.30 | 0.30 | 0.30 | 0.26 | 0.22 | 0.31 | 0.32 | 0.07 | 0.25 | 0.32 | 0.24 | 0.18 | 0.15 | 0.13 | 0.13 | 0.22 | 0.12 |
| FCF Conversion (FCF/Net Income) | 1.69x | 2.15x | 1.29x | 1.49x | 1.29x | 1.44x | 1.59x | 1.15x | 1.23x | 1.58x | 0.94x | 1.53x | 1.70x | 1.56x | 1.79x | 1.37x | 1.10x | 1.79x | 3.28x | 1.37x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 55.15M | 104.48M | 39.68M | 270.57M | 8.75M | 124.31M | 131.13M | 269.57M | 7.86M | 345.61M | 21.36M | 0 | 0 | 48.34M | 88.28M | 136.89M | 2.29M | 0 | 54.82M |